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Feb 13, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as normal as possible. i see lunch. [ monitor beeping ] let's move on. [ male announcer ] find out what a hospital stay could really cost you at aflac.com. >>> >>> does the president want to knock them around from one side of the chamber to the other? joining us now howard feinman and kate overshane. kate centerist? >> i think we are going to see hyper partisan but i think he is going to ratchet it up a couple of notches. i think they are going to say they will take food out of the moumgs of babies. it will be the same republicans hate the middle class. >> with a 1.5
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments...
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Feb 28, 2013
02/13
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we will have the mayor of the two cities to tell us how the looming cuts will impact their cities. star of cnbc crimes show, call car chasers, they are here. they brought their beautiful cars out front. we are very much looking forward to speaking with them, "street signs" at the top of the hour. simon, over to you. >> very cool. thank you, mandy. every week we focus on top 20 real estate market. we talk it a top realtor to see what is going on in their town. let's go to portland, oregon. brad from windermere. brad, let's go over numbers on portland market. is 6366 listings. 1344 sold. 4.7 months inventory. median sales price 248,. and average number of days on the market is 114. >> we are challenged by inventory right now but it is picking up? don't have enough to sell. that's what they are saying in a lot of towns. the list of the week, a condo as i understand it. tell me about it for $439,000. >> this condo is at the benson tower in downtown portland. in the cultural district of downtown portland. it comes with 1,004 square feet. two bedrooms, two baths and a den. brand new floo
we will have the mayor of the two cities to tell us how the looming cuts will impact their cities. star of cnbc crimes show, call car chasers, they are here. they brought their beautiful cars out front. we are very much looking forward to speaking with them, "street signs" at the top of the hour. simon, over to you. >> very cool. thank you, mandy. every week we focus on top 20 real estate market. we talk it a top realtor to see what is going on in their town. let's go to...
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Feb 28, 2013
02/13
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joining us now on the phone is tom delandcy, president of the borgata hotel casino in atlantic city. our panel is still with us. tom, thank you very much. is this going to save atlantic city? let's start there. they had a rough time. the casino business had a rough time. will online gambling save atlantic city? >> larry, i don't know atlantic city needs saving but online gaming is certainly going help. you know, we've lost some 40% of our gross gaming revenue over the last five years in atlantic city primarily to convenience gaming markets, you know. local casinos in pennsylvania and new york and delaware. so online gaming gives us the opportunity to really lead the way with what is the ultimate in convenience gaming. so we think it's a great opportunity and something that will help out. >> okay. look, i think this is a brave thing by christie myself. one of the big houses they just filed bankruptcy, a couple of gambling casinos were sold for peanuts. you do need something. i want to ask you how will this get that economy moving. in other words do you think people will move to atlant
joining us now on the phone is tom delandcy, president of the borgata hotel casino in atlantic city. our panel is still with us. tom, thank you very much. is this going to save atlantic city? let's start there. they had a rough time. the casino business had a rough time. will online gambling save atlantic city? >> larry, i don't know atlantic city needs saving but online gaming is certainly going help. you know, we've lost some 40% of our gross gaming revenue over the last five years in...
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Feb 12, 2013
02/13
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one day, yesterday, wells fargo had the upgrade yesterday and bank america and city are your players. they continue to explode to the upside. you look at the stock volume, you see a lot of volume in bank of america and options, same thing. the 12 strike calls continue to be attacked. now that we're through, we look to the upside and volume continues to be in the financials and banks. >> scott, i don't think it's coincidence we went from 1 to 2% in the 10 year, and i own these -- >> good for you. >> and they will make net interest on the margins and a trade that will continue through the rest of the year. >> i think goldman is a great way to play. great movements in weekly options and everyday the stock moving higher and hitting new highs. bank of america also the news that could be coming out with bank of america that the company could be looking to increase their dividend or stock repurchase that would get it through a new high. >> niles, you have a big position in bank banof america. >> i agree with that. it tells you how many shares you can buy back and if you increase your divide
one day, yesterday, wells fargo had the upgrade yesterday and bank america and city are your players. they continue to explode to the upside. you look at the stock volume, you see a lot of volume in bank of america and options, same thing. the 12 strike calls continue to be attacked. now that we're through, we look to the upside and volume continues to be in the financials and banks. >> scott, i don't think it's coincidence we went from 1 to 2% in the 10 year, and i own these -- >>...
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Feb 1, 2013
02/13
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you heard the other day rahm emanuel said basically the chicago city workers, the chicago public unions are all going to be put into the health insurance exchanges. that is the way chicago is going to get out of whatever it is, its $8 billion unfunded liability. if he does it, then cities and states all across the country are going to dump their union employees right into the health insurance exchange and that is going to break the bank completely. >> that's exactly right. and that's exactly what they're asking in this provision now with these jointly run employer union plans. we want to be able to send our employees to these exchanges. the law is already costing 2.6 trillion over ten years. what would that do? and then who's to say that it's -- of course you couldn't just limit it to union employees. anybody who has a job should then be able to get coverage. >> but the idea of putting these government union workers into the exchange was not -- as far as i know, was not ever really expected. i mean, phil, this is a new twist. for rahm emanuel -- maybe it's very clever. get out from unde
you heard the other day rahm emanuel said basically the chicago city workers, the chicago public unions are all going to be put into the health insurance exchanges. that is the way chicago is going to get out of whatever it is, its $8 billion unfunded liability. if he does it, then cities and states all across the country are going to dump their union employees right into the health insurance exchange and that is going to break the bank completely. >> that's exactly right. and that's...
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Feb 8, 2013
02/13
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what are traders citying about it? steve grasso is standing by on the floor of the new york stock exchange. welcome back. >> thank you. >> bottom line, this note says the chances of apple returning cash is better than ever maybe right now. >> that's it right there. with the conversation started, it's been on everyone's mind about where this cash is going to be allocated to. it got the conversation on the front burner once again. apple has jumped from that 4$43 level around january 24, 25th. it's brought the dialogue into the annual investor meeting. people want to know where it's going. people are excited about it. you're not going to sell the stock ahead of that meeting, you're not going to sell the stock until you find out buyback, dividend, what the story is. >> did einhorn just put a floor under the stock? >> i don't know about a floor. but going into the meeting, going into february 27th, i think there's going to be a floor put on the stock until we find out some closure as to what's happening to it. but goldman s
what are traders citying about it? steve grasso is standing by on the floor of the new york stock exchange. welcome back. >> thank you. >> bottom line, this note says the chances of apple returning cash is better than ever maybe right now. >> that's it right there. with the conversation started, it's been on everyone's mind about where this cash is going to be allocated to. it got the conversation on the front burner once again. apple has jumped from that 4$43 level around...
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Feb 12, 2013
02/13
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after surviving the collapse of the american consumer, "sin city" sure hopes it doesn't see a pullback in gamblers from across the pacific. las vegas has had a run of bad luck but don't tell the chinese. >> why did you come to las vegas for the chinese new year. >> for good luck. >> more than 4,000 mainland chinese nationals hitting "sin city" to celebrate the year of the snake. rgc economics says the typical budget could reach $100 grand including $500 a plate dinners. >> nothing better than caviar. >> competing for business every major gaming company, las vegas grand, ses arrest, mgm, calls it an arm's race to land the big whales. >> why here? >> vfter volume should be up 20% this year. some will spend hundreds of thousands of dollars per hand for baccarabaccarat. >> high-end gaming business, a third or more of our entire profitability. >> relatively new to this is cosmopolitan owned by deutsche bank, a high-end salon aimed at asian gamblers a little over a year ago. >> our revenues have been 25% over what our projections were when we went to build it. the international visitors spen
after surviving the collapse of the american consumer, "sin city" sure hopes it doesn't see a pullback in gamblers from across the pacific. las vegas has had a run of bad luck but don't tell the chinese. >> why did you come to las vegas for the chinese new year. >> for good luck. >> more than 4,000 mainland chinese nationals hitting "sin city" to celebrate the year of the snake. rgc economics says the typical budget could reach $100 grand including $500 a...
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Feb 22, 2013
02/13
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the most loved stock of last year can't even make it onto the top 50 at citi? >> markets are fickle. >> especially after the -- like you say, that 30% correction that it's made, wouldn't more of us say that it is a value down here than it was at $600 or $700? my answer would be yes. obviously citi's is no. >> i'm going to say citi is dead wrong. i look over to katie hubert at morgan stanley who i think is the peyton manning of analysts when it comes to apple. she's been around forever. i've been watching her follow apple since well below $100 a share. she's consistent. she's throwing touchdowns. show knows how to direct herself. >> she threw a big touchdown today, if it comes to fruition, saying that they were going to more than double the dividend, right? >> doesn't that all sound like what we've been talking about on this desk, a second-half story. she talked about carrier partnerships. they're seeing so much success with the minis in brazil and china. if you get into the phone market, they have to have that lower-end phone. that's where they're going to kill
the most loved stock of last year can't even make it onto the top 50 at citi? >> markets are fickle. >> especially after the -- like you say, that 30% correction that it's made, wouldn't more of us say that it is a value down here than it was at $600 or $700? my answer would be yes. obviously citi's is no. >> i'm going to say citi is dead wrong. i look over to katie hubert at morgan stanley who i think is the peyton manning of analysts when it comes to apple. she's been around...
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Feb 9, 2013
02/13
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another big concern especially in some of the areas outside of the city is a loss of power. these winds are going to get to hurricane strength in some areas, and that's going to threaten the power lines. now, over the last day or day and a half, we've obviously seen a run on all of the hardware and home improvement stores in this area. but also the grocery stores. people getting the food they need to sustain themselves for several days, saying they realize they will probably be in their homes for an extended period of time. that's the very latest here in boston. i'm jay gray, nbc news. now back to you. >> all right. many thanks to jay gray. we appreciate it. >>> now, the president might have some senate democrats on his side as they scramble to find replacement cuts for the march 1st across the board sequester. but according to the latest from ace pollster scott rasmussen, only 36% of likely voters think oklahoma should find a way to stop the automatic cuts from going into effect. scott rasmussen, founder and president of rusmussen report joined me. scott as always welcome b
another big concern especially in some of the areas outside of the city is a loss of power. these winds are going to get to hurricane strength in some areas, and that's going to threaten the power lines. now, over the last day or day and a half, we've obviously seen a run on all of the hardware and home improvement stores in this area. but also the grocery stores. people getting the food they need to sustain themselves for several days, saying they realize they will probably be in their homes...
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Feb 26, 2013
02/13
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today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government, we will guarantee you a bonus. not if you go work for the red cross or a non-profit. this sounds to me like crony capitalism revolving door. >> you know what? i have so much respect for tim geithner, that to me this seems like such a downgrade. it's very disturbing to me. it bothers me even more than the nomination of chuck hagel. it just seems like the president is totally disengaged. no one vetted this guy. it's just crony capitalism, as you said. and the president spoke so vehemently for so long that this was something he was going to put a stop to. >> that's a key poin
today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government,...
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Feb 28, 2013
02/13
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impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which i suspect you'll also get an awful lot of complex pay deals coming up. >> that, too. >> and there's a lot of ways to try and get around it. >> credit suisse and some are trying to pay with derivatives. there may be different kinds of comp. but if you're talking about the best and the most talented, you could argue about that in the banking sector always. but those employees, if they're basically looking at this saying, i can go to singapore, hong kong, new york and get my traditional bonus structure that i want, why wouldn't they do that? >> or what you might get is a lot of people
impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which...
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Feb 27, 2013
02/13
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we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political impasse? rome looking to sell between three and four billion euros of a ten-year issue. this was the six-month auction producing the most since 2012, up around 50 basis points. this is where the euro is trading ahead of the auction. 130.79 where we stand currently. yesterday we were down at seven-week low of around 1,317 -- 1.3017. it's warned in italy that a loss of investor confidence could increase borrowing costs and reignite the debt crisis. as for italy's politicians, the leader of the center left coalition has vowed that he would try to form a government and seek an alliance that would respond to the call for
we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political...
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Feb 26, 2013
02/13
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it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date here for austerity. you have a fragmentation amongst political parties, cobbling together a coalition is going to be difficult. historically, a coalition takes three to four weeks and it's not likely to be any quicker with this result. we are looking in the short term in weeks and probably months of political uncertainty. we have presidential elections coming, too. but in terms of fresh elections, they can't happen as quickly as they did in greece where they happened a month later. >> bettrsani will be first up trying to form a government. berlusconi said today he'
it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date...
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Feb 25, 2013
02/13
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real estate was under pressure after the city government imposed higher loans. the kospi ended weaker by 0.5%. australia's asx 200 moved back towards its 4 1/2 year high gaining 0.8%. as we had the strong gains in retail and financial stocks. india's sensex are trading higher by about 0.25%. back to you. all right. thanks for that, sixuan. catch you later. >>> still to come on the program will be adam barcelona. taking a look at the hottest trends in the space, find out what the ceo of deutsche has to say about the challenges of taking on the american market. kelly is there. she'll join us in just a few moments. >>> the mobile world congress is under way in barcelona. there's a new hand set based on its firefox web browser for mozilla. the reason i'm on my own is because kelly is there getting all mobile and wired and super fast. hi, kel. >> ross, it is great to see you guys out here in barcelona. i wish i could say the weather is a little warmer. it's surprisingly chilly here. and the chilly economic environment across europe also having an impact. some of the
real estate was under pressure after the city government imposed higher loans. the kospi ended weaker by 0.5%. australia's asx 200 moved back towards its 4 1/2 year high gaining 0.8%. as we had the strong gains in retail and financial stocks. india's sensex are trading higher by about 0.25%. back to you. all right. thanks for that, sixuan. catch you later. >>> still to come on the program will be adam barcelona. taking a look at the hottest trends in the space, find out what the ceo of...
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Feb 7, 2013
02/13
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so unfortunately in this regard, i'm moving from one of the least expensive capital cities in the world, ottawa, to one of the more expensive, shall we say, capital cities in the world, london. >> would you have done the job for less? >> i was offered these terms and i accepted them. >> do you see there might be any resentment amongst staff at the level of your pay package? i'm not aware of any. >> you don't anticipate that in any way? >> i don't anticipate -- if i may say in terms of the pay package, the pay package is, if i may, properly viewed as pay pension and -- >> mark carney continuing to talk about the logistics of it as taking on the role of the head of the bank of england. we can already tell you from statements that are on the wire that he's talking a lot about the exit strategy. he's saying there are limits, you know, to changing the policy framework that the blank of england might pursue. let's bring tom vosa back in here. tom, i have to say there's a generally hawkish tenor to what we're seeing so far. we've seen the spike in the pound as a result of this. what do you mak
so unfortunately in this regard, i'm moving from one of the least expensive capital cities in the world, ottawa, to one of the more expensive, shall we say, capital cities in the world, london. >> would you have done the job for less? >> i was offered these terms and i accepted them. >> do you see there might be any resentment amongst staff at the level of your pay package? i'm not aware of any. >> you don't anticipate that in any way? >> i don't anticipate -- if i...
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Feb 18, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> italy's mario montanaty is calling on the candidates to appear in a televised debate as he's struggling to gain ground in his first ever campaign. jules is in milan. anybody nibbling at his debate idea, jules? >> well, what we've seen is that he's in fourth place behind berlusconi, behind the comedian becky grillo and wind the man that's most likely to win right now, mr. bersani of the democratic party. but i think the important thing to point out here is there's still a third of voters out there that haven't made a decision, in part because of the scandals we've had in the last few months making it difficult for people to decide. for mario monti's point of view, it can't hurt. berlusconi came out immediately and said he's not willing to face mario monti. he doesn't want questions on his economic policy. but one of the things that gets banded around here is if he's more interesting in addressing his legal issues. you know, my accepts from that is that actually, d
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> italy's mario montanaty is calling on the candidates to appear in a televised debate as he's struggling to gain ground in his first ever campaign. jules is in milan. anybody nibbling at his debate idea, jules? >> well, what we've seen is that he's in fourth place behind berlusconi, behind the comedian becky grillo and wind the man that's most likely to win right now,...
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Feb 14, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> happy valentine's day. americans will spend $18.6 billion to express their love. men tend to spend more, $176, while females spend on average $89. wow. big business. joining us know is the owner of rennie and reed forest. reed and angus, hello and welcome to you both. happy valentine's day, i should say. reed, how big a day is it for you and what are some of the more unusual requests you tend to get? >> it's a big day. whether it's the weather or whether it's clientele, we had an order yesterday for a 1,000 rose arrangement, which we'll be sending out first thing this morning. this is an individual we see a couple times throughout the last three years and it keeps us on our toes. >> i see you have the low ask lush. i thought that was something that happens at the end of valentine's day. apparently it's a mixed floral. it's popular. are guys any good at this, reed? how much are they spending on average this year compared to five years ago? >> guys are good at it b
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> happy valentine's day. americans will spend $18.6 billion to express their love. men tend to spend more, $176, while females spend on average $89. wow. big business. joining us know is the owner of rennie and reed forest. reed and angus, hello and welcome to you both. happy valentine's day, i should say. reed, how big a day is it for you and what are some of the more...
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Feb 1, 2013
02/13
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when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. not without some scandal, but certainly with a great deal of enthusiasm. in many ways he brought the spirit back and made you feel good about being a new yorker. which is not easy to do, when you had lived through the '70s. >> he passes on a day where a new biography, a film biography of him opens. something somebody said is the kochiest thing he could have possibly done. >> i've seen it. a friend of mine directed it. and, yeah, timing is great. it's also actually a great history of new york, and also, of this incredible man. >> grand central turns 100 today. an institution, a building that nearly went away, and could have gone away under his administration. he saved that. his inscription is going to have danny pearl's final words, my father was jewish, my mother was jewish, i am jewish. he will be missed. the biggest ipo since facebook, pfizer taking its animal business public today. al
when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. not without some scandal, but certainly with a great deal of enthusiasm. in many ways he brought the spirit back and made you feel good about being a new yorker. which is not easy to do, when you had lived through the '70s. >> he passes on a day where a new biography, a film biography of him opens. something somebody...
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Feb 13, 2013
02/13
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the only reference to citi, during my time at citi, i was part of the senior management plan to bring organizational change and one of the remarks is a hot button issues we're sure to hear about today, lew's own personal investment in the cayman islands, and something the president criticized in the past and lew had such an investment in such a fund and lawmakers will ask him about it. he doesn't say anything in these prepared remarks and be prepared, lew should be for that issue. >> thank you for that. we are joined by a senator who will be questioning jack lew, charles grassley. also, president obama's state of the union. it's a little different this time around, senator. no one is saying jack lew broke the law or didn't pay his taxes either. the kind of things people might have said on the other side of the aisle from governor romney, the kind of things they should have said then they'll probably being saying now. it's a little bit different situation when it affects jack lew rather than when it was governor romney. >> yes. we're going to try to hold an obama nominee to a standard
the only reference to citi, during my time at citi, i was part of the senior management plan to bring organizational change and one of the remarks is a hot button issues we're sure to hear about today, lew's own personal investment in the cayman islands, and something the president criticized in the past and lew had such an investment in such a fund and lawmakers will ask him about it. he doesn't say anything in these prepared remarks and be prepared, lew should be for that issue. >>...
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Feb 11, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> let's take a look at u.s. futures. the last time we checked in, the dow was set to open about 11 points at the open. it's peared back just a tad. the dow is still trying to climb back towards that 14,000 level, a time, ross, when frankly more people were talking about warning signs in the market. >>> meanwhile, as far as the european stocks were concerned, and this is where we stand, firmer today. the ibex down 0.3%. the cac 40, ftse and xetra dax up between 0.25% and 0.5%. dollar index is up, kelly. >> that's right. and the dollar/yen, adding 0.5%. so 93.17. aussie/dollar weaker by about 0.5%. a lot of trade across asia is quiet or closed for the lunar new year. >>> france's problems have nothing to do with a single curren currency, but down to the problems itself. he said that the core of the french problem lies inside the cup, not in the foreign exchange rate. this time last week, the french president called for the rights to curve the euro. >>> and the euro g
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> let's take a look at u.s. futures. the last time we checked in, the dow was set to open about 11 points at the open. it's peared back just a tad. the dow is still trying to climb back towards that 14,000 level, a time, ross, when frankly more people were talking about warning signs in the market. >>> meanwhile, as far as the european stocks were concerned, and...
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Feb 1, 2013
02/13
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i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's going on in january? because with such easy money in the world and the fact that if you're a fixed income investor, real returns are negative. are we driving fixed income investors not just in the sovereign market, but, you know, they're not going to -- they can't switch out of fixed income into equity. we talk about them looking at structured credit now seems to be flying, investment grade is overvalued. i wonder if that's what's going on here, if you can find the spanish debt at 5%, it's still better than other stuff you could buy. >> what we're seeing here is a shi
i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's...
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Feb 4, 2013
02/13
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tina, from citi, she's been taking a look at what the president has to do, i guess, in his second term or what he's expected to do. what i loved was your point, how did you put it? fiscal deals or compromise tend to disappear in washington like -- >> the bermuda triangle. >> you don't have high hopes for compromise here? >> no. most politicians in the developed world, and the u.s. very much within this, it's not going to see -- i'm not going to provide fertile ground for grand bargains. politicians like to talk about it. this is their way of saying, we're ready to do a deal, but it's those guys, they won't compromise. we think we'll see more of this piecemeal last minute compromises. >> and we're fating critical issues in the u.s. people might be aware of the fiscal cliff, but there's the continuing resolution, there's the sequester that goes into effect march 1st. should we hold our breath for compromise here? and, again, the issue is being forced because these are situations in which if there's no action, something still happens. >> that's right. that's why we think it's really impor
tina, from citi, she's been taking a look at what the president has to do, i guess, in his second term or what he's expected to do. what i loved was your point, how did you put it? fiscal deals or compromise tend to disappear in washington like -- >> the bermuda triangle. >> you don't have high hopes for compromise here? >> no. most politicians in the developed world, and the u.s. very much within this, it's not going to see -- i'm not going to provide fertile ground for grand...
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Feb 14, 2013
02/13
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plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug parker arriving at the airport in dallas just a few minutes ago. we're expecting an official announcement from amr on the usair merger. that's coming, we think, very, very toon soon. we're going to have that and a lot more when squawk returns. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back to squawk this morning. t let's take a look at futures. among th
plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug...
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Feb 5, 2013
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new york city, i don't think that was ever that realistic. but, what we're talking about is smart grid technology, in that with thousands or millions of sources of electricity all around the country, the i.t. that's going to be necessary to make that all work together is going to be pretty huge. >> david, thank you very much for coming in and explaining all this stuff to us. >> come on back. >> i could go on for aheil. >> we didn't talk about the tax credits and whether or not that's going to lay. >> who would have known that electricity could be interesting. >> thank you. >> thank you. >> when we come back -- >> blackberries every second it's very interesting. >> house majority leader eric cantor and his plan to give the republican party a message makeover. "squawk" will be right back. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his l
new york city, i don't think that was ever that realistic. but, what we're talking about is smart grid technology, in that with thousands or millions of sources of electricity all around the country, the i.t. that's going to be necessary to make that all work together is going to be pretty huge. >> david, thank you very much for coming in and explaining all this stuff to us. >> come on back. >> i could go on for aheil. >> we didn't talk about the tax credits and whether...
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Feb 19, 2013
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dangerous windchills, 15 the below sfee row in the twin citys, 1 is in chicago and 13 in indianapolis. lots of layers for all the kids who are going back to school today. then we catch our next storm, this little pin wheel around the oregon coast. this will dive down around california today and is be a pretty big snowmaker. coast to coast, 6 to 12 inches in the snowfall mountains. plenty of snow here around the wasatch. these amounts in the appalachians, on the order of 1 to 3 inches today 37 back to you guys. >> beck can he can't believe what she just heard about that cold weather. eric, they're melg me, you didn't know it was 25 degrees. >> it's warmed up in minneapolis since earlier today. >> such balmy weather. >> it's like, i've known this, right? >> we're here to educate. >> eric, i rely on the weather channel. tell us something, andrew -- >> he did. he just told me it's 2:22 in nairobi. >> you need singapore time? >> you know what else? the clock when you put them all in, andrew, am i right? if it's nice, the clocks are dark. if it's daytime -- >> you guys are going to complete
dangerous windchills, 15 the below sfee row in the twin citys, 1 is in chicago and 13 in indianapolis. lots of layers for all the kids who are going back to school today. then we catch our next storm, this little pin wheel around the oregon coast. this will dive down around california today and is be a pretty big snowmaker. coast to coast, 6 to 12 inches in the snowfall mountains. plenty of snow here around the wasatch. these amounts in the appalachians, on the order of 1 to 3 inches today 37...
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Feb 26, 2013
02/13
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let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio berlusconi, sounding exhausted, called into one of his networks this morning to chat with the news anchors there. first of all, he doesn't think there should be new elections, which is a possibility. when he was asked about interest rates rising in italy, he said, don't worry about interest rates. they are an invention. the markets are a little bit independent and a little bit crazy. and the fact that the spread is widening compared to german interest rates, why do we have to compare ourselves to the germans all the time? we don't have to. he hinted to a coalition with the left. he did
let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio...
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Feb 15, 2013
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bags in question, the tent city in question. people who had a room with an actual window were much happier. we interviewed some of those folks last night. it wasn't as hot or smelly in their room. they were probably on an upper deck, so depending on where you were on the boat, as always. 100 buses were waiting last night to either new orleans or to galveston, which is where the boat originally disembarked from. there's going be about a dozen charter flights today by delta to get everybody home. back to you guys. >> all right, mcc, thank you. we want to hear from you, if not on a cruise ship, where would you rather be stuck? what would a better place to be rather than on a cruise ship? >> how about right here at work? >> right here at work? >> filling in for andrew ross sorkin. >> filling in for andrew ross sorkin. it smells fine in here right now. you showered this morning? i did, too. it's friday. so i did, as well. it's underwear change day, shower day, everything else. >> once a week you shower? >> is that tmi? no, no. when w
bags in question, the tent city in question. people who had a room with an actual window were much happier. we interviewed some of those folks last night. it wasn't as hot or smelly in their room. they were probably on an upper deck, so depending on where you were on the boat, as always. 100 buses were waiting last night to either new orleans or to galveston, which is where the boat originally disembarked from. there's going be about a dozen charter flights today by delta to get everybody home....
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experiencing what we witnessed across the city. he's stuck. he came into this church parking lot. was going to plow it, got halfway through, but the conditions proved to be too much, so he's been struggling to get out of that particular position for the past 20 minutes or so. but again, anderson, there is a fleet of some 5,000 vehicles like this that are out on the streets throughout the state, plowing roads. plowing the primary routes, plowing parking lots and secondary routes like the one that you see here. looks like he's finally going to make his way out of here, but we're going to move back just a little bit. as you know, anderson, in addition to the fleet of equipment that they have out in the streets, the governor has also enacted a plan banning basically all vehicles on the streets except for emergency vehicles. that has certainly helped. it's kept a number of people off the street out here in boston, in massachusetts, as the storm continues to barrel down. i can tell you just from the experience here, it's an icy, wet, bli
experiencing what we witnessed across the city. he's stuck. he came into this church parking lot. was going to plow it, got halfway through, but the conditions proved to be too much, so he's been struggling to get out of that particular position for the past 20 minutes or so. but again, anderson, there is a fleet of some 5,000 vehicles like this that are out on the streets throughout the state, plowing roads. plowing the primary routes, plowing parking lots and secondary routes like the one...
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and other signs across the city. it's been -- they have prepared us well. >> i know you guys also stocked up on supplies. earlier, some of the supermarkets in the city were running out of milk, running out of bread. i think you have plenty of other types of supplies to keep you busy. >> we might have other supplies to keep us busy, but we are also, you know, do have supplies and water and things like that. but you know, we are trying to realize that we will be here for the weekend and trying to make sure we have everything that will keep us sustainable through that time period. >> they were telling me earlier, anderson, they hadn't seen snow like this in a few years? >> long time. >> a few years, gut obviously, we still have a lot more to go before the night is over. >> jason, we'll be checking with you. we'll be on the air for two hours and more coverage after that, so all night long. a short drive down the coast from where jason is, ali velshi is in cape cod in the town of dennisport, massachusetts. he's had brutal
and other signs across the city. it's been -- they have prepared us well. >> i know you guys also stocked up on supplies. earlier, some of the supermarkets in the city were running out of milk, running out of bread. i think you have plenty of other types of supplies to keep you busy. >> we might have other supplies to keep us busy, but we are also, you know, do have supplies and water and things like that. but you know, we are trying to realize that we will be here for the weekend...
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Feb 23, 2013
02/13
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she e had come a long way from the sleepy town where she grew up to the bright lights and big city of jo ha nance burg, south africa, where she was shot to death by oscar pistorius. to those who loved her, it's inconceivable. >> reeva is not supposed to be dead. she had her whole life ahead of her. she was going to be doing great things. >> but for reeva steenkamp, great things were already happening. in 2011 and 2012 she was ranked as one of the 100 sexiest women in the world. >> she was a by key e knee model, beautiful, gorgeous girl, but she had a wicked sense of humor. so she got it and she kind of understood the industry she was in. really intelligent. always fun to work with. >> when she started dating pistorius, a south african power couple was born. >> let's e see what's behind door number one. >> reporter: and in 2013 reeva was making her reality television debut. it was shot in jamaica. >> my name is reeva and i'm a model. we're in jamaica this year. be jealous. >> reporter: the first episode of the show still aired this week in reeva's honor, producers say, just days before
she e had come a long way from the sleepy town where she grew up to the bright lights and big city of jo ha nance burg, south africa, where she was shot to death by oscar pistorius. to those who loved her, it's inconceivable. >> reeva is not supposed to be dead. she had her whole life ahead of her. she was going to be doing great things. >> but for reeva steenkamp, great things were already happening. in 2011 and 2012 she was ranked as one of the 100 sexiest women in the world....
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Feb 16, 2013
02/13
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for almost a decade, irvine california has been known as the safest city in america. in early february, this l.a. scene was the scene of a double murder. a crime at the time that offered no hint of the terror to come. >> call came out at 9:10 this evening at 2100 scholarship at a parking structure. >> february 3rd, 9:10 p.m. when irvine police responded to a tip and found keith lawrence and his fiancee monica kwan. both had been shot dead in lawrence's parked car. each had been shot multiple times. >> we are trying to figure out what happened. >> initially police had no motive and no leads. >> they get it in to lawrence. >> lawrence was a well liked college basketball player who had just begun a law enforcement career as a southern california safety officer. and kwan, the daughter of a former los angeles police captain. was a beloved assistant basketball coach at cal state fullerton. >> a really bright light was put out way too soon. >> the pair's senseless killing left a community in shock, and police searching for answers. three days later, a break in the case. >> t
for almost a decade, irvine california has been known as the safest city in america. in early february, this l.a. scene was the scene of a double murder. a crime at the time that offered no hint of the terror to come. >> call came out at 9:10 this evening at 2100 scholarship at a parking structure. >> february 3rd, 9:10 p.m. when irvine police responded to a tip and found keith lawrence and his fiancee monica kwan. both had been shot dead in lawrence's parked car. each had been shot...
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Feb 11, 2013
02/13
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. >>> the city of la los angeles is offering a million dollar reward for a rogue ex-cop. chr christopher donner killed three people before disappearing. 50 officers and their family are getting around the clock protection until he's caught. even tonight's grammy's had extra security just in case. ] yeah, mon. come on! don't fret, me brotha. sticky bun come soon. ♪ yeah, wicked coffee, mista jim! julia, turn da frown de other way around! hey, dave, you're from minnesota, right? yes, i! da land of ten thousand lakes. the gopher state! so in conclusion, things are pretty dismal... you know what this room needs? a smile. who want to come with i? [ jimmy cliff's "c'mon, get happy" plays ] ♪ you guys are three minutes late. [ caribbean accent ] don't be no cloud on a sunny day! [ caribbean accent ] yeah, chill, winston. sir? respect boss man! [ laughter ] [ male announcer ] that's the power of german engineering. but i'm still stubbed up. [ male announcer ] tth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your
. >>> the city of la los angeles is offering a million dollar reward for a rogue ex-cop. chr christopher donner killed three people before disappearing. 50 officers and their family are getting around the clock protection until he's caught. even tonight's grammy's had extra security just in case. ] yeah, mon. come on! don't fret, me brotha. sticky bun come soon. ♪ yeah, wicked coffee, mista jim! julia, turn da frown de other way around! hey, dave, you're from minnesota, right? yes,...
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Feb 20, 2013
02/13
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the kansas city fire department says three people are missing. the explosion appears to have leveled jjs, an restaurant in an upscale shopping district. according to cnn affiliate kctv, people in the area reported smelling gas about an hour before the explosion, and a utility company sent a crew to investigate. cnn affiliate khsb is reporting some restaurant customers were warned to leave before the blast. we talked by phone earlier to james garrett, spokesman for the kansas city fire department. here's what he told wolf. >> it looks like a huge gas explosion to cause that kind of fire and damage. have you ever seen anything like this before? >> unfortunately, i have. but it was a pretty significant explosion. so, again, we were trying to get our crews in on this, and investigate it and get as much information as we can so we can get back to you guys. >> i've been getting some tweets from kansas city saying there are some people missing right now. do you know anything about that, mr. garrett? >> we have reports of people that are unaccounted for
the kansas city fire department says three people are missing. the explosion appears to have leveled jjs, an restaurant in an upscale shopping district. according to cnn affiliate kctv, people in the area reported smelling gas about an hour before the explosion, and a utility company sent a crew to investigate. cnn affiliate khsb is reporting some restaurant customers were warned to leave before the blast. we talked by phone earlier to james garrett, spokesman for the kansas city fire...
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how does the atmosphere of the city compare today? >> my most vivid memory of the super bowl in new orleans was 1986 because i came as a fan to see my home town chicago bears win the super bowl, and the atmosphere was electric, the streets, the hotels were all full. this weekend, we're seeing the exact same thing. and that's very good news. there are certainly still problems in new orleans, but once again, this city is the super bowl city. >> it certainly is. they know how to deal with huge crowds like this. gary tuchman, appreciate it. >>> the australian shock jocks who prank called the hospital treating kate middleton for fired for good, but we'll tell you what british prosecutors decided coming up. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash i have
how does the atmosphere of the city compare today? >> my most vivid memory of the super bowl in new orleans was 1986 because i came as a fan to see my home town chicago bears win the super bowl, and the atmosphere was electric, the streets, the hotels were all full. this weekend, we're seeing the exact same thing. and that's very good news. there are certainly still problems in new orleans, but once again, this city is the super bowl city. >> it certainly is. they know how to deal...
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how does the atmosphere in the city compare today? >> reporter: well, anderson, my most vivid memory of the super bowl in new orleans was in 1986 because i came as a fan to see my hometown chicago bears win their only super bowl. and the atmosphere all weekend was electric. the restaurants, the streets, the hotels were all full. and this weekend we're seeing the exact same thing. and that's very good news. there are still problems in new orleans, but once again, this city is a super bowl city. >> yeah, it certainly is. they know how to deal with huge crowds like this. gary tuchman, appreciate it. gary, thanks very much. >>> the australian shock jocks who prank called the hospital treating kate middleton are off the air for good. should they face criminal charges following the suicide of a nurse that answered the call. we'll tell you what british prosecutors decided coming up. [ male announcer ] alka-seltzer plus presents the cold truth. i have the flu... i took theraflu, but i still have this cough. [ male announcer ] truth is therafl
how does the atmosphere in the city compare today? >> reporter: well, anderson, my most vivid memory of the super bowl in new orleans was in 1986 because i came as a fan to see my hometown chicago bears win their only super bowl. and the atmosphere all weekend was electric. the restaurants, the streets, the hotels were all full. and this weekend we're seeing the exact same thing. and that's very good news. there are still problems in new orleans, but once again, this city is a super bowl...
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Feb 16, 2013
02/13
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connection he has with the city of chicago, and his concern with the ongoing violence here. chris? >> all right, our thanks to ted rowlands. joining us now is the director of cease-fire illinois, and creator of the violence interrupter initiative. thank you for joining us. you were with the president. you heard his speech. what did you think? >> the president laid out a format to address this epidemic of violence that is plaguing throughout the united states. but at the same time, i'm glad he came to chicago because we have a sandy hook incident in chicago every 30 days. >> very interesting perspective that literally so many kids are killed here, it's like one of those school shootings every month that you have. a lot of talk about limiting supply, gun control, making it harder. background checks. do you believe that a gun control law will be the answer to stopping the violence? >> i don't really get so caught up in the gun control aspects of this issue. my thing is we have to change the way people think. we have generations who grew up in this culture of violence in chicago
connection he has with the city of chicago, and his concern with the ongoing violence here. chris? >> all right, our thanks to ted rowlands. joining us now is the director of cease-fire illinois, and creator of the violence interrupter initiative. thank you for joining us. you were with the president. you heard his speech. what did you think? >> the president laid out a format to address this epidemic of violence that is plaguing throughout the united states. but at the same time,...
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let me say this it depends on what the people of that place want, in that city. >> do you believe the nra agrees with this? >> do i believe that the nra agrees with -- i don't know what the nra agrees with me or not. i just want them to be safe. >> here is what the nra is saying now. here is what wayne la pierre said in 19 -- just after columbine, wasn't it? >> first, we believe in absolutely gun-free, zero tolerance, totally safe schools. that means no guns in america's schools, period. with a rare exception of law enforcement officers or trained security personnel. >> i mean -- >> wait a minute. wayne la pierre has done a 360 on that, 360 on background checks. the man that's been rapidly exposed as a shameless hypocrite. >> he is not a hypocrite. >> to help stop guns in places like this. >> he is not a hypocrite if he's learning, changing and adapting in a situation you would. that's called using the brain that god gave you. heck, look at the uk. you guys figured out that having a government with a king was probably a bad idea to rule everything. am i wrong? >> it worked out. >> did
let me say this it depends on what the people of that place want, in that city. >> do you believe the nra agrees with this? >> do i believe that the nra agrees with -- i don't know what the nra agrees with me or not. i just want them to be safe. >> here is what the nra is saying now. here is what wayne la pierre said in 19 -- just after columbine, wasn't it? >> first, we believe in absolutely gun-free, zero tolerance, totally safe schools. that means no guns in america's...
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Feb 10, 2013
02/13
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residents are cleaning up after the storm dumped more than two feet across the city. the cleanup turned deadly for one teenaged boy. he died of carbon monday kacaro poisoning trying to warm up the car. they don't have a lot of time to clean up the city. >> reporter: they don't. we have 24 hours here to clean up. right now the state of massachusetts 300,000 people still without power. you can see the sun is slowly starting to come out here, but it is cold. temperatures are in the teens. but here is the good news. yeah, we have one day, temperatures today expected to be above freezing. we'll do everything we can. keep in mind we have 24.9 inches of snow to deal with. so with that, yes, the travel ban has been lifted, people can drive around, but the snow emergency has not been lifted. we didn't want anyone parking on the roads here because they need to clean this up. but like you mentioned, one day. by tomorrow, we're already going to be talking about ice and then even some rain. flooding concerns will be out there. and of course we know that's not the only concern. we'
residents are cleaning up after the storm dumped more than two feet across the city. the cleanup turned deadly for one teenaged boy. he died of carbon monday kacaro poisoning trying to warm up the car. they don't have a lot of time to clean up the city. >> reporter: they don't. we have 24 hours here to clean up. right now the state of massachusetts 300,000 people still without power. you can see the sun is slowly starting to come out here, but it is cold. temperatures are in the teens....
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Feb 10, 2013
02/13
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the big flood is coming, we better start building the ark. >> new york city isn't the only city lagging behind in rising sea levels an not every problem can be solved by building walls. >> so here in boston you have the problem so many east coast cities are facing. we built the city on the water. >> steven flynn is a leading advocate for investigating big in projects that make the u.s. more resilient to disaster. >> on a scale of 1-10 how prepared are we right nowen the northeastern u.s.? >> on the scale oven with-10, we're in roughly a 3 range. >> 3? >> we have been whistling by the graveyard too long when it comes to dealing with a major weather event especially in the northeast. >> one place to start, he say, could be power grids and transit systems, critical yet storm vulnerable infrastructure that gives coastal cities life. >> americans basically have got themselves into thinking bad events are things somebody else is supposed to prevent from happenin happening. >> prevent and pay for. take for example the choices now facing the people of breezy poin point. >> did these people have
the big flood is coming, we better start building the ark. >> new york city isn't the only city lagging behind in rising sea levels an not every problem can be solved by building walls. >> so here in boston you have the problem so many east coast cities are facing. we built the city on the water. >> steven flynn is a leading advocate for investigating big in projects that make the u.s. more resilient to disaster. >> on a scale of 1-10 how prepared are we right nowen the...
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we are in the third quarter. has the worst of it yet? >> the worst is over for new york city. the worst of the drafting is not over for boston. new haven has been in this defamation some where the storm is movingleft. and that newhaven, connecticut has been right in the same spot, on that snow band for hours. i can imagine it's already two feet. just a couple hours ago, it was inches. i-95 between boston and new york city, it's just a mess. i tried to explain to these guys how you don't need to use your wipers during a snowstorm, but they didn't figure it out. if you don't have your defroster on the windshield and you have the heat on your feet, and you roll down the window so it doesn't steam up the car, the snow won't melt on your wind field. >> spoken like someone who knows the snow. >> you shouldn't have to use your wipers if it's this cold and this dry. but he's doing great stuff out there. >> he is. >> this is what i was worried about, he's been following police around all night long. he's been protected, knows where he's been. they know who he is and that's why they're
we are in the third quarter. has the worst of it yet? >> the worst is over for new york city. the worst of the drafting is not over for boston. new haven has been in this defamation some where the storm is movingleft. and that newhaven, connecticut has been right in the same spot, on that snow band for hours. i can imagine it's already two feet. just a couple hours ago, it was inches. i-95 between boston and new york city, it's just a mess. i tried to explain to these guys how you don't...
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Feb 26, 2013
02/13
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CNN
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scenes in vatican city. >> reporter: i will not abandon the church, benedict told the faithful in st. peter's square sunday, to the tens of thousands who listened and applauded, it was a sentimental farewell. but to investigative newspaper journalist, who has delved into alleged wrong doing at the vatican, benedict's words carried different significance. >> translator: dithis does not mean to abandon. it means to fight, she says. last sunday, he said we are fighting against the temptashzs of power. temptations that may have proven too strong for some. degregorio is one of two journalists who have reported on allegations of vatican corruption and blackmail of gay clergy members by male prostitutes. damning headlines in the rome daily, lurepubelicca, sex and blackmailed careers are behind benedict xvi's resignation. compromised perhaps to senior levels, says a writer for the news weekly pawn r laly panoram. the details allegedly contained in a secret dossier prepared by three cardinals investigating leaked and highly sensitive vatican documents. this man says he believes attempted by p
scenes in vatican city. >> reporter: i will not abandon the church, benedict told the faithful in st. peter's square sunday, to the tens of thousands who listened and applauded, it was a sentimental farewell. but to investigative newspaper journalist, who has delved into alleged wrong doing at the vatican, benedict's words carried different significance. >> translator: dithis does not mean to abandon. it means to fight, she says. last sunday, he said we are fighting against the...
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Feb 14, 2013
02/13
by
CNN
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> we have breaking news in the alabama hostage story. we are getting new pictures of the 6-year-old boy who was abducted and held for six days in an underground bunker. now, these are from the office of robert bentley who met with ethan and his mother today. also today for the first time since his abduction, ethan and his mother are speaking out in an interview with dr. phil and talk about those frightening six days and about how ethan is doing right now. >> give
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment...
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Feb 26, 2013
02/13
by
CNN
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. >> we thought he was like the inner city poet. >> he was this wandering spirit around the city. >> cysto rodriguez, a dylan-esq detroit native who tried his hand at rock in the '70s. ♪ >> when we walked in and heard the songs he was singing and what he was writing, we had to record him. we had to make a deal. he's great. we said, this is it. >> but it wasn't. rodriguez's albums flopped in the u.s. somehow, though, his first album "cold fact" made it halfway around the world and became a massive hit. >> in south africa, he was in the pantheon of rock gods. >> to us, it was one of the most famous records of all time. >> the soundtrack of the antiapartheid revolution, fueling movement. but at home in detroit, rodriguez had no idea. he had given up his music career. that was four decades ago. >> you used to play right across the street, right? >> i played at a lot of places in detroit. >> unaware of his fame abroad and getting no royalties, he lived on little. raising his daughters doing demolition work. >> i'm not a stranger to hard work. >> he made failed bids for mayor, city counc
. >> we thought he was like the inner city poet. >> he was this wandering spirit around the city. >> cysto rodriguez, a dylan-esq detroit native who tried his hand at rock in the '70s. ♪ >> when we walked in and heard the songs he was singing and what he was writing, we had to record him. we had to make a deal. he's great. we said, this is it. >> but it wasn't. rodriguez's albums flopped in the u.s. somehow, though, his first album "cold fact" made it...
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is the city, your city, totally prepared, ready for this? >> we're doing the best that we can, erin. one of the things that we've done is make sure to get the information out to everyone, let them know that it's a time to really be home, to be with your family, to give us an opportunity to really be on the roads trying to clear the roads. the snow is coming down, it's coming down pretty fast as you can see. and we've got a lot of work to do the next 24 hours. so we're asking everyone to please stay off the roads, let us do our job. fortunately we have a lot of good people out there tonight working. we're going to work throughout the night. >> mayor, i know one of the things that hurricane sandy which obviously affected your state as well as much of the mid-atlantic was power outages. i know now a lot of the snow that's coming down where you are, it's heavy, wet snow, the kind of snow that could bring down power lines. are you worried about mass power outages? >> that's actually a huge concern that we have, especially during the wintertime wh
is the city, your city, totally prepared, ready for this? >> we're doing the best that we can, erin. one of the things that we've done is make sure to get the information out to everyone, let them know that it's a time to really be home, to be with your family, to give us an opportunity to really be on the roads trying to clear the roads. the snow is coming down, it's coming down pretty fast as you can see. and we've got a lot of work to do the next 24 hours. so we're asking everyone to...
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where a newly unified north and south celebrate -- here's the clincher -- as new york city burns. it's a bizarre video, to say the least. we know -- we think we know why they did it. because they feel a little left out. in the past few months, north korea has seen countries and companies around the world take bold steps into the cosmos. in the same amount of time, north korea just got one rocket up. they tried for two. so maybe that's a little embarrassing. but it's not as embarrassing as north korea using a michael jackson song when they're trying to set fire to america. come on, there's currently a south korean guy setting fire to the charts. if you really want to win over america and the south, next time go with "gangnam style." "piers morgan tonight" is next. aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus w
where a newly unified north and south celebrate -- here's the clincher -- as new york city burns. it's a bizarre video, to say the least. we know -- we think we know why they did it. because they feel a little left out. in the past few months, north korea has seen countries and companies around the world take bold steps into the cosmos. in the same amount of time, north korea just got one rocket up. they tried for two. so maybe that's a little embarrassing. but it's not as embarrassing as north...
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france has been heavily involved in ousting the islamist rebels from key malian cities. today, ox fam said many food traders fled the region as the french troops advanced, causing food prices to rise as much as 20%. >>> iranian president mahmoud ahmadinejad joked today that he would be willing to be the first man iranians sent into space. it came after their news agency said the country had successfully sent a monkey into orbit. you may remember that story, but john mccain got involved in this. he got onto the twitter and said, quote, so ahmadinejad wants to be the first iranian in space. wasn't he just there last week? i can warn you, calling people monkeys can be problematic. after receiving some criticism about the tweet, mccain tweeted again, clarifying it was a joke and telling people to lighten up. >> it has been 550 days since the u.s. lost its top credit rating. what are we doing to get it back? president obama signed an act that allows the house to pass a budget by mid-april or their pay will be weld. >> and today, the six-day hostage stand' off in alabama is ov
france has been heavily involved in ousting the islamist rebels from key malian cities. today, ox fam said many food traders fled the region as the french troops advanced, causing food prices to rise as much as 20%. >>> iranian president mahmoud ahmadinejad joked today that he would be willing to be the first man iranians sent into space. it came after their news agency said the country had successfully sent a monkey into orbit. you may remember that story, but john mccain got involved...